Press Room
Advisor Software to deliver integrated portfolio construction and proposal capabilities to the Commerce Trust Company
Metavante Partnership Leveraged for Integration Capabilities
Lafayette, CA - April 27, 2006 - Advisor Software, Inc. (ASI), the market leader in portfolio construction and proposal solutions that enable financial institutions and advisors to improve the quality and delivery of investment advice, today announced the licensing of its Client Acquisition Solution™ (CAS) to The Commerce Trust Company, a division of Commerce Bank, N.A.
The Commerce Trust Company, a Metavante Corporation client for over 4 years, will leverage ASI's relationship with Metavante that facilitates the uploading of portfolio holdings using Metavante's comprehensive TrustDesk investment tool into CAS. Commerce Trust's Business Development Managers and Portfolio Managers can quickly analyze current portfolios, and construct alternative portfolios, for clients using institutional-caliber diagnostic tools, including asset allocation analysis, style and industry sector exposure analysis, security overlap analysis and Monte Carlo simulation. Once a recommended portfolio has been created, these advisors can configure a sophisticated proposal, complete with a client-specific investment policy statement, to communicate the advice to their client.
"Our broader concept of total return means we deliver a higher level of personal touch with our wealth management services" said Ray Stranghoener, President of The Commerce Trust Company. "To do so requires access to cutting edge tools that free up our advisors to spend more time with clients - ASI's solution, with the Metavante integration, will allow our advisors to spend more time out communicating well structured advice to our clients."
"ASI's Client Acquisition Solution has been particularly effective at improving advisor productivity and efficiency with our bank clients" said Andrew Rudd, CEO and Founder of ASI. "We are excited that Commerce Trust, with their long track record for providing innovative risk-controlled wealth management solutions, is our latest partner."
About CommerceThe Commerce Trust Company provides investment management and trust services to individual and institutional clients. As of December 31, 2005 Commerce had approximately $10.8 billion in assets under management and approximately $19.9 billion in total assets under administration. Commerce Trust is a division of Commerce Bank,N.A., which is the principal subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $13.9 billion regional bank holding company.
For more than 140 years, Commerce has been meeting the financial service needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning, and investments through its affiliated companies. Commerce currently operates in approximately 340 locations in Missouri, Illinois and Kansas. Commerce also has operating subsidiaries involved in mortgage banking, credit-related insurance, venture capital and real estate activities.
About MetavanteMetavante Corporation delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante is wholly owned by Marshall & Ilsley Corporation.
About Advisor Software, Inc.Advisor Software, Inc. (ASI) was founded in 1995 by Andrew Rudd (Founder, former Chairman and CEO of Barra, Inc.) to empower advisors to deliver institutional-strength analysis and advice to the individual investor. ASI's applications are designed for a wide range of asset management firms, broker/dealers, banks, insurance companies, online brokerages, and other financial institutions, enabling these institutions and their advisors to deliver more insightful, actionable investment advice and build stronger, more profitable client relationships. ASI provides financial institutions with web-based hosted solutions that facilitate the investment decision-making process for their advisors and clients.
|
|
|
 |
|
